Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Sees Significant Growth in Short Interest

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 2,339 shares, a growth of 558.9% from the December 31st total of 355 shares. Based on an average daily trading volume, of 8,450 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 8,450 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Churchill Capital Corp IX – Warrant Stock Down 1.9%

NASDAQ CCIXW traded down $0.02 on Thursday, hitting $0.76. 4,251 shares of the stock were exchanged, compared to its average volume of 28,397. The stock has a fifty day moving average price of $0.82 and a two-hundred day moving average price of $0.86. Churchill Capital Corp IX – Warrant has a 52-week low of $0.45 and a 52-week high of $1.80.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.